Log In/Sign Up
Your email has been sent.
237 W 72nd St 6 Unit Apartment Building $7,950,000 ($1,325,000/Unit) 6.70% Cap Rate New York, NY 10023
Investment Highlights
- 100% Free Market Asset – No rent regulation, allowing maximum rental growth and operational flexibility.
- Protected Tax Class 2A – Predictable property taxes with capped annual increases.
- Prime Upper West Side Location – Steps from Central Park, Lincoln Center, dining, and shopping in one of Manhattan's most sought-after neighborhoods
- Turnkey Property – Fully renovated with condo-quality finishes; no immediate capital improvements needed.
- Strong Retail Tenant – Ground-floor space leased to RSM, a well-established national education provider.
Executive Summary
The New York Multifamily team is pleased to offer the following opportunity located in the heart of the Lincoln Square/Upper West Side neighborhood. 237 West 72nd Street is located on the north side of West 72nd Street between Broadway and West End Avenue. The property boasts an approximate gross square footage of 8,440, is zoned C4-6A / R10A, and is built 23 ft x 94 ft on a 23 ft x 102.17 ft lot (Block: 1164; Lot: 17).
Property Facts
| Price | $7,950,000 | Property Subtype | Apartment |
| Price Per Unit | $1,325,000 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.70% | Lot Size | 0.05 AC |
| Gross Rent Multiplier | 10.1 | Building Size | 7,810 SF |
| No. Units | 6 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1900 |
| Zoning | C4-6A | ||
| Price | $7,950,000 |
| Price Per Unit | $1,325,000 |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| Gross Rent Multiplier | 10.1 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 7,810 SF |
| No. Stories | 5 |
| Year Built | 1900 |
| Zoning | C4-6A |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 2+1 | 4 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 1164-0017 | Improvements Assessment | $810,336 |
| Land Assessment | $755,719 | Total Assessment | $1,566,055 |
Property Taxes
Parcel Number
1164-0017
Land Assessment
$755,719
Improvements Assessment
$810,336
Total Assessment
$1,566,055
1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
